The plot thickens in the ProElite debacle with a new slant on the situation not yet revealed… a conversation with Andy Geer following the inaugural Ultimate Challenge show this past weekend revealed that although Cage Rage had been purchased by ProElite, they hadn’t actually paid for it before going under.
Geer explains the situation, “To all intents and purposes, ProElite had entered into an agreement to purchase Cage Rage. A deal was struck with a deposit accepted. Then they had a cut-off date to make a balloon payment; they never completed the purchase.”
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